XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Net sales $ 49,178 $ 52,770 $ 110,094 $ 105,775
Cost of sales (excluding amortization, shown separately below) 15,035 13,511 32,453 28,492
Gross Profit 34,143 39,259 77,641 77,283
Research and development expenses 3,329 2,852 10,123 8,389
Selling, general and administrative expenses 12,282 13,494 39,453 39,925
Amortization of intangibles 10,830 10,973 32,092 32,866
Grant income 0 0 0 (2,974)
Operating income (loss) 7,702 11,940 (4,027) (923)
Other (expense) income (299) 96 14,053 1,596
Debt modification and extinguishment expenses 0 (5,028) 0 (5,028)
(Loss) gain on foreign currency exchange (918) 1,390 436 2,466
Interest expense, net (5,465) (4,922) (16,571) (18,401)
Income (loss) before income taxes 1,020 3,476 (6,109) (20,290)
Income taxes expense 208 33,214 2,175 30,013
Net income (loss) including non-controlling interest 812 (29,738) (8,284) (50,303)
Less: Net (loss) income attributable to non-controlling interests (182) 315 (441) 348
Net income (loss) attributable to AgroFresh Solutions, Inc. 994 (30,053) (7,843) (50,651)
Less: Dividends on convertible preferred stock 6,248 4,400 18,580 4,400
Net loss attributable to AgroFresh Solutions, Inc. common stockholders $ (5,254) $ (34,453) $ (26,423) $ (55,051)
Loss per share of common shares:        
Basic (in dollars per share) $ (0.10) $ (0.68) $ (0.51) $ (1.08)
Diluted (in dollars per share) $ (0.10) $ (0.68) $ (0.51) $ (1.08)
Weighted average shares of common stock outstanding:        
Basic (in shares) 51,583,000 51,002,000 51,323,000 50,766,000
Diluted (in shares) 51,583,000 51,002,000 51,323,000 50,766,000